Friday, May 07, 2010

Google Inc. (GOOG) - Week In Review



It was a rough week for Google Inc. (GOOG) as well as the rest of the market as heavy selling hit just about every stock and index. For the week GOOG was down 6.19%  from last Friday's close which is in-line with what the NASDAQ and S&P lossed for the week.

Google Inc. (GOOG) did trade as low as 460 on Thursday but managed to bounce back slightly off its lows for the week. The level on the upside that I will we be watching very closely is the 520 area. As you can see in the above chart, 520 was support but now should act as resistance if this stock does rally above 500 again.

For the week, GOOG's volume was heavy at 22.5 million shares traded.  Google Inc. closed at 493.14 down 5.53 from yesterday's close.

1 comment:

Anonymous said...

Thanks, Kevin for the analysis. I just started investing in stocks and your blog has been very helpful in understanding techinal analysis. It's simple and clear!!

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